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Residential land joint venture
Attractive Cornerpiece Parcel of 1050SQM Available
Joint Venture Opportunity ---
1,050 sqm Corner Parcel,
Periwinkle Lifestyle Estate, Lekki Phase 1
(C of O)
Summary
Attractive JV opportunity on a 1,050 sqm corner bareland within Periwinkle Lifestyle Estate, Lekki Phase 1. Title: Certificate of Occupancy (C of O). Owner seeks a strong developer proposal; sharing ratio negotiable. No land premium. Facilitator's fee: 10% net (non‑negotiable).
Quick Facts
- Location: Periwinkle Lifestyle Estate, Lekki Phase 1, Lagos
- Site Area: 1,050 sqm --- corner parcel with dual frontage and enhanced design flexibility
- Title: Certificate of Occupancy (C of O)
- Land Value: ₦1,500,000 per sqm (Indicative total land value: ₦1,575,000,000)
- Premium: None
- Proposal: Owner will consider credible developer proposals for residential or mixed-use schemes
- Sharing Ratio: Open to discussion (to be agreed based on proposal and financing structure)
- Facilitator's Fee: 10% net of total land value (non-negotiable)
Why this JV is compelling
- Prime Lekki Phase 1 estate location with strong demand for high-quality residential and lifestyle developments.
- Corner parcel advantage: improved visibility, better ventilation and stacking options, and greater architectural freedom to maximise yield.
- Secure C of O title and estate-managed environment reduce land risk and enhance marketability.
- No land premium simplifies commercial structuring and increases headroom for development returns.
Suggested development concepts
- Boutique terrace or townhouses targeting premium residential buyers.
- Low-rise luxury apartments or serviced apartments (subject to estate covenants and approvals).
- Small mixed-use scheme with ground-floor retail/café and residential units above.
- A refined developer proposal that demonstrates market demand and return optimisation will be preferred.
Developer requirements (recommended)
- Proven track record of delivering quality residential developments in Lekki or comparable Lagos neighbourhoods --- provide verifiable references and completed project details.
- Demonstrable proof of funds or access to construction financing sufficient to commence works promptly upon agreement.
- Capability to manage project to completion with strong project management, sales and marketing plans.
Owner's contributions
- Titled land parcel (C of O) within Periwinkle Lifestyle Estate.
- Cooperation with estate management on approvals and compliance.
- Willingness to consider equitable sharing ratio based on the strength of the developer proposal.
Documentation & due-diligence checklist (available/required)
- Original C of O and title documents --- available for verification
- Estate layout plan, covenants and any estate approvals/requirements (to be provided)
- Survey plan and site coordinates --- site inspection recommended to confirm boundaries and frontage
- Evidence of tax/rates receipts and estate maintenance compliance (if applicable)
- Developer to submit: Loi, company profile, audited accounts/financials, proof of funds, project references and detailed project proposal (programme, budget, marketing strategy)
- Legal searches at the Lands Registry and confirmation with estate management recommended
Financial summary (indicative)
- Stated land value: 1,050 sqm x ₦1,500,000/sqm = ₦1,575,000,000
- Facilitator's fee (10% net): ₦157,500,000 (payable as agreed and subject to contract)
- Final commercial terms, sharing ratio and cashflow structure to be agreed following proposal review
Procedure / Next steps
1. Submit: Loi, company profile, recent project references, proof of funds and a detailed developer proposal.
2. Preliminary screening and verification of credentials.
3. Site inspection and meeting with owner/estate representatives.
4. Negotiate and sign Heads of Terms/JV Agreement covering scope, sharing ratio, roles, timelines and payment milestones.
5. Execute detailed joint development agreement, secure any outstanding approvals, mobilise and commence works per agreed programme.
Contact
For expressions of interest and submission of proposals, contact: The Build Centre Properties Ltd
Legal / Disclaimer
Information provided by the owner/agent. Prospective JV partners must perform independent due diligence, verify title and estate requirements, and obtain professional legal and technical advice before entering any agreement. Terms are subject to contract.
#ed
Property details
Reference ID#357-052-6
Listed byThe Build Centre Properties
Property typeResidential Land
Listing statusResidential land joint venture
Plot size1,050 m²
Area guide — Lekki
Lagos
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Popular Estates
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Ebony Lounge, Jesse Lounge, Club Mirage, Novato Night Club, and Elysium Night Club are all great places to hang out. You can also party at any of these beach clubs: Mood Beach Club, Wave Beach Club, and Moist Beach Club.
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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